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Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: News

Coca-Cola HBC reports marginal sales growth in first half amid continued currency depreciation in Emerging markets

August 19, 2018   Editor   No comments

Coca-Cola Hellenic Bottling Company (“Coca-Cola HBC AG”), the parent company of the Nigerian Bottling Company (NBC) reported a 0.5% revenue growth for the first half of 2018 through June ending. Sales grew to €3.2bn, driven by a 4.6% volume lift across all markets, with the biggest gains coming from developing markets which grew 8.9%, followed by emerging markets at 5.1% and established markets at 0.9%.

The company which operates in 28 countries in Europe and Nigeria said that growth accelerated in the second quarter bolstered by new product launches, good weather and the FIFA World Cup.

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Coca-Cola Nigeria to host second edition of ‘Customer Appreciation Week’

August 17, 2018   Editor   No comments

Coca-Cola Nigeria Limited has announced it will host the second edition of its annual Customer Appreciation Golf Tournament as part of its global Customer Appreciation Week, to celebrate and acknowledge its loyal customers across Nigeria.

According to the beverage giant, the golf tournament will be held across three cities in Nigeria – Lagos, Ibadan and Abuja, and will be attended and contested by key stakeholders, distributors, customers and the media. There will be six winners emerging from the well contested 18 hole tournament for customers. The winners will get to travel on an all-expense paid trip to Mauritius to participate in the AfrAsia Mauritius Open Pro-Am Tournament in November.

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Coca-Cola, Lagos State Government partner to empower 1,000 women

August 17, 2018   Editor   No comments

The Lagos State Employment Trust Fund (LSETF), Coca-Cola Nigeria Ltd and its bottling partner, the Nigerian Bottling Company, have announced a partnership to empower 1,000 women in Lagos State.

The group said that through this partnership framework, the selected women would receive training in financial literacy and business skills as well as start-up capital to integrate them into the Coca-Cola value chain as retailers of the company’s beverage products.

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Beta Glass names Ayobami Adebisi as new Company Secretary

August 17, 2018   Editor   No comments

Beta Glass Plc announced on Thursday the appointment of Ms. Adebola Ayobami Adebisi as its new Company Secretary effective 5 July 2018.

According to the company, Ms. Adebisi will replace Ms. Y. Titi Talabi.

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Krispy Kreme cooperating with regulators over store closure

August 17, 2018   Editor   No comments

Krispy Kreme has said it is cooperating with Nigerian food regulator and consumer protection agency to resolve issues that led to the shutdown of its store in Victoria Island, Lagos.

In a statement released by the company through its franchise operator, QFA Nigeria Limited, the company said it is fully cooperating with authorities in addressing concerns of product expiry date tampering without regulatory approval in its Victoria Island, Lagos store.

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Cadbury Nigeria falls back into loss amid rising cost

August 16, 2018   Editor   No comments

Cadbury Nigeria Plc, reported a net loss of N424m for the first six months of 2018, hurt by rising cost.

The Bournvita maker which emerged from a loss position at the end of 2017 said that a high selling and distribution expense and high net finance cost (Bank interest charges) erased all gains made in the period under review.

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Beta Glass sees growth acceleration continue in the second quarter

August 15, 2018   Editor   No comments

Beta Glass Plc reported a strong first half in 2018, a continuation of the growth acceleration begun in the first quarter. The company saw revenue growth of 49% to ₦13.1bn, driven by a 54% sales surge in the second quarter to ₦6.7bn.

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Champion Breweries posts 7% profit decline in half year as costs rise

August 14, 2018   Editor   No comments

Champion Breweries plc, said that net profit for the six months to the end of June 2018 fell by 6.53% to N80.5m from N86m in the same period in 2017.

The Akwa Ibom based brewer blamed the decline on rising cost of selling and distribution expenses, which rose 95% in the period to N347m. The second quarter saw a 127% spike in selling and distribution cost to N226m.

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Int’l Breweries sustains sales growth in first half despite loss

August 14, 2018   Editor   No comments

International Breweries Plc, the Nigerian subsidiary of AB InBev has seen its losses widen in the first half of 2018 to N2.8bn, from N2.2bn in the first quarter.

The loss came despite a strong revenue boost of N53bn in the first half.

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UAC Foods appoints Oladele Ajayi as new Managing Director

August 13, 2018   Editor   No comments

The Board of UAC Foods Limited has appointed Dr Oladele Ajayi as its new Managing Director.

Dr Ajayi holds a PHD in Mechanical & Process Engineering from the University of Strathclyde, United Kingdom and an alumnus of the Advance Management Program of Harvard Business School.

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